GBP Trader

Posted byNeil CallardPosted inforex technical analysis

May the 31st 2021

1.4220 Resistance hangs over cable

Stronger than expected US inflation numbers saw some Dollar buyers on Friday. However, this was seen as an opportunity to buy some cheap sterling, the Dollars strength was reversed. Today we find ourselves looking at 1.4220 again, and all the multi month, and yearly highs beyond.

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Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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